Something strange is happening in Xi Jinping’s China. This is supposed to be the perfect dictatorship, the most sustained period of authoritarianism since the Cultural Revolution ended more than 40 years ago, a period of such damning disappointment that all but the regime’s most acquiescent apologists have become cynics or critics. And yet the past few months have also seen
Xi Jinping is trying to narrow the gap between rich and poor by cracking down on tech giants and billionaires – to achieve “common prosperity”. But why now, and what are the implications for China’s economy?
Xi Jinping is trying to narrow the gap between rich and poor by cracking down on tech giants and billionaires – to achieve “common prosperity”. But why now, and what are the implications for China’s economy?